U.S. House Passes Bill to Reopen Government, Increase Debt Limit
By REUTERS.
The U.S. House of Representatives late on Wednesday passed legislation to avoid a damaging default on government debt and to reopen federal agencies shuttered when funding ran out on October 1.
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Photo Credit: Doug Mills/The New York TimesCongress Passes Debt Deal
By JONATHAN WEISMAN and ASHLEY PARKER.
Congressional Republicans conceded defeat on Wednesday in their bitter budget fight with President Obama over the new health care law, agreeing to end a disruptive 16-day government shutdown and extend federal borrowing power to avert a financial default with potentially worldwide economic repercussions.
With the Treasury Department warning that it could run out of money to pay national obligations within a day, the Senate voted overwhelmingly Wednesday evening, 81 to 18, to approve a proposal hammered out by the chamber’s Republican and Democratic leaders after the House on Tuesday was unable to move forward with any resolution. The House followed suit a few hours later, voting 285 to 144, to approve the Senate plan, which would finance the government through Jan. 15 and raise the debt limit through Feb. 7.
Shortly after the Senate vote, President Obama said he would sign the measure as he soon as he received it. While he praised Congress, he said he hoped the damaging standoff would not be repeated.
“We’ve got to get out of the habit of governing by crisis,” said Mr. Obama, who urged Congress to move forward, not only with new budget negotiations, but immigration changes and a farm bill as well. “We could get all these things done even this year, if everybody comes together in a spirit of, how are we going to move this country forward and put the last three weeks behind us.”
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